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EUR/USD Reverses Earlier Gains

M. Ali 1 September, 2020 10:32 pm Forex Market, Market Update

The Euro (EUR) turned to decline against the US Dollar (USD) after rising earlier today to its highest level since 2018.

The EUR/USD pair is trading lower by 0.15% for the day at 1.1918.

Earlier today, the pair reached the 1.2011, exceeding the 1.2 mark for the first time in 28 months.

On the other hand, the pair traded as low as 1.1906, after closing Monday at 1.1936.

The USD is showing a positive performance against major currencies, supported by strong manufacturing data.

Support Levels: 1.1892 – 1.1847 – 1.1810

Resistance Levels: 1.1974 – 1.2011 – 1.2056

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